The thing that is concerning is the $30K cash since, at 90% LTC (which this deal does qualify for), the cash to close is roughly $37,000.00.

Starting the 6th Buying agents will get paid by the buyers so you don't have to consider that into your sales price. 

She couldn't understand why she didn't get notice about the actual auction sale....and I said "You did, you got foreclosure notices, and once they issued a default judgement, the County doesn't care anymore." 

Account Closed thank you!

Just More closing costs? 

A lot of people are fearful right now.I'm just over the hill in Reno, NV and chose to live and invest here because our property taxes do not reassess on the sale, landlord/tenant laws are much more favorable, and there is steady job and population growth, but we're still very close to the benefits of CA. 

As long as I do the 1031 properly (intermediary and all) and don't touch the sale proceeds, nothing changes from the interest tracing perspective? 

@Ryan LeeQuick questions:Are you figuring in your total closing costs and comparing that to the (hopefully) lower total monthly mortgage payment?  

Account Closed Unfortunately you are correct, you are still responsible for all the costs of the property. 

I don’t think I want to do this twice as closing costs seem like there going to be around 25-30k.